What exactly is your interest that is monthly price?
The interest that is monthly on our loans ranges from 1.25per cent вЂ“ 3.75% .
May I access an auto loan being an individual that is self-employed?
Must i’ve an income account with Union Bank to get into the car finance?
Just how do I understand how much i will be qualified to submit an application for?
It’s usually system suggested. Head into some of our branches and asked become scored to learn just how much you be eligible for
Just exactly exactly What percentage of my earnings may be accessed as that loan from your own firm?
This can be auto-calculated. Nevertheless, your monthly payment cannot exceed 33% of the income.
We have a loan that is personal presently. At exactly exactly just what point can I make an application for a top up?
You may be entitled to a high up after three months
Do a letter is needed by me of introduction from my company before getting financing?
Yes a page of introduction/undertaking is needed from your own manager
I will be a salary earner living outside Nigeria but an account is had by me with Union Bank. Simply how much loan could I get to create a business up?
You could get a loan that is personal going your wage to Union Bank. Please speak to your Relationship supervisor to learn more.
Can a person servicing a loan nevertheless get another loan
Yes, an individual will get a top-up loan while servicing a loan that is existing. To qualify, the client should have made at the very least 3 repayments without defaulting.
In case a customer loses their task after accessing financing from your own company, will there be something that can be achieved to make sure payment continuity?
The insurance company covering the loan will make payment for a period of time usually 6 months if a customer loses their jobs after accessing our loans. The customer is expected to have gotten another job to continue repayment during this period.
What are the loan offerings for brand new clients by having an SME account in Union Bank?
Yes, you can find loans for our SME customers too.
I apply for another loan if I have an outstanding loan and couldn’t pay back due to Covid-19, can?
You’ll make an application for a restructuring or moratorium on your own current loan to make certain that it really is doing.
Can you accept re re re payments in instalments?
What’s the requirements for agricultural loans?
Presently, we usually do not provide agricultural loans to people. It is possible to nevertheless make an application for a loan that is personal.
How do we start an income account?
Please go to any one of our branches to start an income account
What’s the length for the payment of that loan with Union Bank?
This really is influenced by the mortgage quantity and loan tenor required
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What exactly is this Privacy Notice for?
Union Bank of Nigeria Plc (вЂњThe BankвЂќ) values your individual information so we are devoted to protecting your privacy when you connect to us. Please read this Privacy Notice (Notice) to know our policies, procedures and procedures about the processing of one’s data that are personal.
This Notice describes for you just how your individual information is gathered, utilized, handled and transmitted by Union Bank as well as describes ways to upgrade your private Data with us and do exercises your liberties in respect associated with private Data offered to us.
The private Information that individuals Collect
We gather Personal Data with us, request for further information about our products, fill a form, apply for a job through our website, or subscribe to newsletters on our website that you give to us; for example, when you create an account.
We possibly may additionally immediately gather some information that is technical you go to our web site such as for instance your internet protocol address, and information on your see, like the pages you viewed. These records allows us to realize client passions and assists us enhance our site. Whenever you see our site, the pages you consider, and a quick text file known as a cookie, are installed to your personal computer. By using and visiting our internet site, you consent to our usage of Cookies consistent with Union BankвЂ™s policies. For lots more information regarding snacks, please read our Cookies Policy available through this website website link.
Exactly just just What do we make use of your private Data for?
We possibly may process your private Data to keep in touch with further information about our products and how we can serve you better, respond to your purchase orders or requests, process your application for employment with Union Bank or to fulfil our contractual obligations with you with you(including sending marketing or promotional materials to you), provide you. We may additionally process your individual Data to comply with conditions of relevant laws and regulations.
Just Just What Constitutes your Permission?
Where processing of private Data will be based upon permission, we will have the consent that is requisite enough time of collection of the private Data. In this respect, you consent into the processing of the private Data whenever you access our platforms, or use our services, content, features, technologies or functions provided on our internet site or other electronic platforms. You are able to withdraw your permission whenever you want but such withdrawal will perhaps maybe not impact the lawfulness of processing based on permission provided before its withdrawal.
That do we share your private Data with?
We respect your privacy so we restrict disclosure of the private Data to parties that are third. We try not to offer, provide or trade any private Data that individuals get away from you to any 3rd party for information mining or advertising purposes. But, we might share service providers to your Personal Data involved by us to present solutions to Union Bank susceptible to appropriate information safety and security. We might additionally share your details where there clearly was a regulatory or statutory responsibility to disclose such individual information in respect with conditions of relevant regulations.
Protection and Retention of the Personal Data
Your individual information is held personal therefore we remember to keep your private Data secure, including limiting use of your private Data with us on a need to understand foundation. We need our staff and any third events that carry down any work with our behalf to comply with appropriate protection criteria to safeguard legit payday loans in Utah your private information.
We just take appropriate measures to make sure that your own personal Data is just prepared when it comes to period that is minimum in line with all the purposes put down in this Notice or as needed by relevant laws and regulations, until an occasion it really is not any longer required or does not have any usage. As soon as your private Data is not any longer required, we destroy it in a safe and manner that is secure.
Union Bank gathers private Data just for the purposes identified in this Policy and such information can not be reused for the next function this is certainly incompatible utilizing the purpose that is original.